How do you know if your investment committee has the “right” stuff? Vanguard’s Paul Bosse shares committee best practices, from size, skill, and perspectives to choosing the committee leader based on an individual’s skill and not their title.
Sometimes the ‘basics’ get so shopworn they lose their punch—like the solemn performance of fiduciary duty and its importance to every retirement plan sponsor and nonprofit institution and their investment committees. Here’s a brief refresher.
The U.S. Department of Labor’s new fiduciary rule promises a more transparent financial planning environment. Advisors to retirement plans, plan fiduciaries, or individual retirement investors, however, may need to learn some new moves.
Plan sponsors should be relieved to know that the new DOL fiduciary rule will have little direct impact on them, though there might be minor ramifications for participants calling service providers.
What do the proposed revisions to the Form 5500 annual reporting mean for retirement plans? Chip Lloyd of Vanguard’s Strategic Retirement Consulting group shares how increased transparency could be a good thing for plan sponsors.